Moving your Bitcoin safely to another wallet
After buying Bitcoin on 1Bitcoin.ca, one of the most important next steps is learning how to send it safely.
Whether you’re moving Bitcoin to a hardware wallet, another wallet you control, or sending it to someone else, the process is straightforward — but accuracy matters. Bitcoin transactions are irreversible, so understanding each step reduces risk.
Whether you’re moving Bitcoin to a hardware wallet, another wallet you own, or sending it to someone else, the process is simple—but precision matters. Bitcoin transactions are irreversible, which is why understanding each step is essential. This same direct-to-wallet flow is how Bitcoin is delivered when Canadians Buy Bitcoin in Canada through 1Bitcoin.ca’s non-custodial brokerage.
This guide walks through how to send Bitcoin from 1Bitcoin.ca, what to double-check, how fees work, and how to confirm your transaction on the blockchain. For deeper learning, the Bitcoin Resources Hub provides helpful background.
Why Send Bitcoin Off a Platform?
Sending Bitcoin to your own wallet means:
- You control the private keys
- You reduce reliance on third parties
- You practice real ownership
This approach is known as self-custody and is widely considered best practice for long-term holders.
What You’ll Need Before You Start
Make sure you have:
- Bitcoin available in your 1Bitcoin.ca account
- A destination wallet (mobile or hardware wallet)
- Your wallet’s public address
- Two-factor authentication enabled
If you’re using a hardware wallet, make sure it’s already set up and ready to receive Bitcoin.
Step 1: Get Your Receiving Address
Open the wallet you’re sending Bitcoin to.
Tap Receive and copy the Bitcoin address shown. Most wallets also display a QR code, which can be scanned instead of typed.
⚠️ Important:
Only share your public address. Never share your private key or seed phrase.
Address accuracy is critical — even one incorrect character can result in lost funds. This is why address safety is emphasized throughout the Resources Hub.
Step 2: Log In to 1Bitcoin.ca
Sign in through the 1Bitcoin.ca Homepage and navigate to the Send / Withdraw Bitcoin section.
You may be prompted to confirm your identity or enter a 2FA code. If you haven’t already enabled this, follow How to Enable Two-Factor Authentication before proceeding.
Step 3: Enter the Destination Address
Paste the receiving Bitcoin address into the withdrawal form.
Before moving forward:
- Double-check the address
- Confirm it’s for the Bitcoin network
- Ensure you’re not sending to a different blockchain
Bitcoin transactions cannot be reversed.
Step 4: Choose the Amount and Review Fees
Enter how much Bitcoin you want to send.
You’ll see the transaction fee displayed before confirming. Fees vary depending on network congestion and are paid to miners — not to 1Bitcoin.ca.
Understanding fees is especially important for smaller transactions, which is why they’re explained in detail on the Fees page.
Step 5: Confirm and Send
Once everything looks correct:
- Confirm the transaction
- Approve any required 2FA prompts
1Bitcoin.ca will broadcast your transaction to the blockchain.
Step 6: Wait for Confirmations
After sending, your transaction needs confirmations before it’s considered final.
In general:
- 1 confirmation = transaction seen
- 3 confirmations = secure
- 6 confirmations = final
Most wallets show the incoming transaction almost immediately, even before full confirmation. Confirmation timing is covered further in the Resources Hub.
Step 7: Verify the Transaction (Recommended)
You can independently verify the transfer using the transaction ID (TXID) on a public block explorer. This transparency removes the need to trust screenshots or status messages.
Later, if you ever choose to move funds in the opposite direction and liquidate directly from your wallet, you can do so through Sell Bitcoin Canada using the same non-custodial settlement model.
For very large transfers or coordinated movements, some Canadians use structured execution via Bitcoin OTC Canada, which follows the same self-custody principles at higher volumes.
Safety Tips When Sending Bitcoin
- Send a small test amount first for large transfers
- Always copy-and-paste addresses or scan QR codes
- Never rush — double-checking saves money
- Keep your recovery phrase stored offline and private
Many losses occur due to avoidable mistakes or scams. Reviewing the Avoid Bitcoin Scams Guide helps you recognize common risks.
Why This Skill Matters
Being able to send Bitcoin confidently is a core skill.
It allows you to:
- Move funds into self-custody
- Pay others directly
- Stay in control of your money
Combined with secure storage and verification, sending Bitcoin properly is foundational to responsible ownership.
Final Thought
Sending Bitcoin from 1Bitcoin.ca is simple — but precision matters.
Take your time, understand fees, confirm addresses, and wait for confirmations. These habits protect your funds and build confidence as you take full ownership.
To continue learning Bitcoin from a Canadian perspective, visit the 1Bitcoin.ca Homepage or explore step-by-step guides in the Bitcoin Resources Hub.
Control comes from understanding — not shortcuts.
